Facts About Cooperative Ownership

Facts About Cooperative Ownership
Q: Why is the Resort set up as a cooperative rather than as deeded RV lots within a
Subdivision?
A: Restrictions in Pinal County would have required extensive improvements in
order to qualify as a subdivision. These improvements would have included
paving of the roads and a municipal sewer treatment plant and would have made
lots non-affordable and have detracted from the natural setting of the Resort.
Q: What is cooperative ownership?
A: You own the entire property along with 265 (266 total sites) other shareholders in
a non-profit corporation. You are a voting shareholder with the exclusive rights
of use and occupancy of your designated site. You will own a share of stock
along with a 99 year proprietary lease for your individual site. You also own an
undivided interest in the common area including buildings, roads, pool, etc.
Q: What are the advantages of cooperative ownership?
A: Property taxes are generally lower in co-ops because the entire property is taxed
as one entity rather than individual lots. When you sell your share, there are
minimal costs on the transfer because it’s not considered a “real-estate”
transaction. The transfer of the shares does not have to be recorded and allows
greater privacy.
Q: Are there any maintenance fees (assessments)?
A: The assessment fee is currently $82.50 per month which includes water, septic, trash
pickup, your share of the total property real estate taxes, maintenance of the
common areas and the administration of the Resort. You pay electricity.
Q: Can I resell my lot?
A: You are free to sell your site at any time at a price based on free market prices.
Q: Why do shares cost different amounts?
A: Share prices have initially been set based on lot size and location. Prices will be
subject to change based on supply and demand.
Facts About Cooperative Ownership
Q: Are there other cooperative RV Resorts in Pinal County Arizona?
A: Yes, there is Sunscape RV Resort in Casa Grande. They are currently only
offering resales. Please see http://www.sunscapervresort.com/ for more
information.
Q: How long will the developer be involved?
A: The developer will control the property for up to 15 years or until all lots are sold.
The developer may elect to turn over control earlier at its discretion.
Q: Will more lots be added?
A: The developer may add more sites in several phases.
More questions?
There are many more benefits and details available. Your questions are very important to us. If
you have any specific questions that you would like us to address for you, please feel free to call
us.
Desert Gardens RV Park: 520-868-3800